Plan Snapshot
- Plan Sponsor: Revco Solutions, INC.
- Sponsor EIN: 311519935
- Sponsor Address: 2700 MERIDIAN PARKWAY SUITE 200, DURHAM, NC, 27713
- Plan Type: 401(k)
- Total Participants: 516
- Total Assets: $14.4M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 516 | $14.4M | $371,129 | $1.1M |
| 2023 | 450 | $12.8M | $371,703 | $1.1M |
| 2022 | 394 | $10.6M | $338,287 | $979,676 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| ADP, INC. | RECORD KEEPER | $20,419 | — | $20,419 |
| JOHN HANCOCK | RECORDKEEPER | $18,317 | — | $18,317 |
| MMA SECURITIES, LLC | INVESTMENT/FINANCIAL ADV | $16,906 | — | $16,906 |
| MPCOMPANY LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ADP, INC. — RECORD KEEPER
- JOHN HANCOCK — RECORDKEEPER
- MMA SECURITIES, LLC — INVESTMENT/FINANCIAL ADV
- MPCOMPANY LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $55,642
- Estimated Expense Ratio: 0.387% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $55,643 | $16,908 | $38,735 | — | — |
| 2023 | $41,436 | $27,767 | — | — | — |
| 2022 | $47,755 | — | — | — | — |